Structured Settlements - ZLC Financial

Zlcvancouver27 Jul, 2020Business

A structured settlement is a means of paying or settling a claim for damages (usually against a casualty insurer) so that all amounts paid to the claimant in the future will be tax-free. The casualty insurer purchases a non-assignable, non-transferable, non-commutable annuity contract and irrevocably assigns the payments to the injured party.